UK November construction PMI 53.4 vs 52.5 expected

Author: Justin Low | Category: News

Latest data released by Markit/CIPS - 4 December 2018

A better-than-expected print here and an improvement relative to October's one as well. However, it's not going to do much to change the current landscape of the pound though as this is just construction data - a small portion of the UK economy.

GBP/USD holds steady at 1.2805, moving higher earlier after the EU court aide advise on the Article 50 ruling. EUR/GBP now down to 0.8900 after having touched a two-month high earlier in the day.

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